“Where Does the Money Go?” National Debt – Bill Moyers
Made BEFORE the current crisis, more scary now. Scott Bittle and Jean Johnson discuss their book, “Where Does the Money Go?” and the mounting debt and deficit of America. They offer an estimate of the time until the failure of Medicare and Social Security, and general suggestions to address this problem.
See I.O.U.S.A. the movie, visit the YouTube site
See also Health care reform, a look at successful systems of Taiwan and Switzerland, probably acceptable to U.S., and similar to some existing U.S. models.
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http://www.cbsnews.com/sections/i_video/main500251.shtml?id=3898008n
Visit the PBS archives to see the complete show and more of Bill Moyers.
http://www.pbs.org/moyers
Duration : 0:9:50
Imagine if america …
Imagine if america took those scum bag career criminals and ‘got rid of them’ so tax payers didnt keep them warm n fed? Imagine if u took able americans who refuse to work and let them starve? Imagine if america stopped allowing the top 5% to rape the rest of hard working american class…oh what a world that could be. But it starts at home folks, it starts with you…and calling congressmen won’t get u anywhere. It starts with your wallets and bank accounts.
What makes me mad …
What makes me mad about this is they keep bragging about the symptoms jet never touch the real issue witch is our dept money system as most of the dept is interest witch was not created in first place no one is ever going to be able to pay this ever growing dept back thats why they Owen us! All what we create is theirs they by it up wit nothing but paper + interest attached to it its legalised theft! Solution End the Fed issuing power back to congress as constitution says!
England does not …
England does not suffer from this crisis? Remove your cranium from your anus . Have u not noticed the complete disaster that is the UK banking sector?. The 10s of thousands of jobs lost accross the UK?- get back on your spaceship.
Of course. Why are …
Of course. Why are we always in debt? Money is debt. The entire basis of our money supply is treasuries. We should just end the facade and convert the national debt into treasury notes. Then we can stop the 45 trillion of bank credit money that is real debt at interest that can never be paid. Get rid of the bank leeches and we could pay those obligations. These people are buffoons.
Interesting comment …
Interesting comment (although I didnt know JP-MorganChase’s Rockefellers were jewish). The authors that wrote “where does the money go?” probably didnt mention the chunk of wealth going to the top 1%.
Instead of investigation for defrauding people around the world of their savings with bogus instruments and a commission, the banking syndicate got trillions
Hardly anyone in MSM mentions Glass Steagall Act or fractional reserve banking (effectively money as debt), whats your take on these?
Bush badgered Allen …
Bush badgered Allen Greenspan to lowering interest rates to make war industry happy. Dollar value plunged. Realtors compensated by increasing prices. Lending regulations eliminated. Everyone qualified for loans. Borrowers could not pay when high interest rates kicked in. Housing prices plummeted, Bankruptcies skyrocketed. Secondary lenders(investors) got stuck with IOUs (paper securities) Loan originator Jewish Banks got rich. Secondary lenders Bailed out by government, Taxpayer got screwed.
The primary loan …
The primary loan originators( Jewish Banks: Rothshild, Lazard Bros. Israel Moses Seif, Warburg, Kuhn-Loeb, JP Morgan-Chase, Goldman-Sachs, BofA, City Group, Wells Fargo, Morgan Stanley, State Street, New York Melon) sold the IOUs of borrowers immediately with huge profit to secondary lenders like Fanny Mae, Freddy Mac, Wachovia, Merrill Lynch, and thousands others around the Globe, whom went broke. US secondary lenders got bailed out .Taxpayers were the only ones who got screwed in USA.
I’m an american, …
I’m an american, and I have to say it’s quit a bit higher then that.
(2 of 2) That means …
(2 of 2) That means a worse state for the USA than before. So the way I see is there is no way out, it is a cul-de-sac and increasing taxes and cutting spending will only result, under the present ideology of things, to stop the foreign countries lending, that will = CRASH. No way out I feel.
(1 of 2) If taxes …
(1 of 2) If taxes are raised and spending reduced, consumer American will stop consuming because the capital is not there to buy unessential goods. Chinas economy needs the American consumer to spend, thats why China continues to lend the USA its hundreds of billions of Dollar. Basically, China knows that if Wall- mart closes, Chinas boom day closes. So, China would stop lending, as would Japan, as would the Arab nations because there would be no benefit for them.
England does not …
England does not suffer from this crisis.
I saw that movie …
I saw that movie over the summer that talked about this. Who cares? Nothing is going to change because those — who should be motivated to act and angered about this — are convinced that violence is uncessary, uncivil, and unbecoming of a gentlewoman and gentleman; everyone but the truely richest, most civilized and powerful.
nonsense.
its the …
nonsense.
its the industrial process that is the problem. the planet can sustain double our population provided we are environmentally neutral. message me if you want more research on this concept.
population growth …
population growth is the root of all problems.
The USA has to …
The USA has to choose, Bombs, Bullets, War and space ships. or health, wealth and happiness.
two ways to pay for …
two ways to pay for it since we can’t pay for it with taxes. (1) invest 60 trillion dollars right now. (2) our economy grows by double digits for the next 75 years… given that both of these will not happen… we need to do something. wake up people!!!
Federal Fraud <— …
Federal Fraud <— Search YouTUBE
USA is a COUNTRY of DEBT
its Citizens are in DEBT, Debt = Slavery
To the younger generation Americans, if you value your freedom, and still have free mind and spirit, REVOLT. Stay out of the mainstream everything (media, govt., banks), and re-write the rules.
zeitgeist: the …
zeitgeist: the federal reserve <–Search YouTUBE
Federal Fraud <— Search YouTUBE
USA is a COUNTRY of DEBT
its Citizens are in DEBT, Debt = Slavery
COPY / PASTE MY Comments
Only a moron thinks …
Only a moron thinks only the (R)epublicans are responsible for this. Our bulging national debt is a truly bipartisan affair. The only rational choice is to vote third party this election – Republicans and Democrats have been corrupted by big banks (banks are the #1 contributors to both party candidates).
yes and most of …
yes and most of that 30% are going to vote fo a man with an (R) next to his name
search google vids …
search google vids for “money masters” as well
zeitgeist: the …
zeitgeist: the federal reserve <–Search YouTUBE
Federal Fraud <— Search YouTUBE
USA is a COUNTRY of DEBT
its Citizens are in DEBT, Debt = Slavery
COPY / PASTE MY Comments
not just americans …
not just americans and more like 50%
Michael Hudson …
Michael Hudson pointed out that if they taxed WAGES at 100%, there would not be enuf money to fund the govts normal expenses — because the super-wealthy do not earn “wages”. They take “capital gains”, like profits from stock options. Today untaxed “capital gains” is not on phys capital, but incl interest and speculation, as well as income from monopoly RENTS like oil, gold.
Classical econ calls for control and heavy taxation of RENTS, which are public commodities we GIVE away as WEALTH-FARE.
yonigga the …
yonigga the government caused the debt by borrowing off china, japan, and us bondholders
and by spending more than they collect in tax,this guy knows noting,the government will inllate the debt away eventually and destroy your purchasing power and the dollar in the process, it has nothing to do with social security, americans will be poorer in the future thats all.